The Most Important Terms and Conditions (MITC) and all information herein is  applicable to all "JK Bank Credit Cards" card holders/ applicants of Credit Cards/ customers of the Bank/Members of general public evincing interest in the Credit Card product of JK Bank, with immediate effect. The MITC are subject to change at the discretion of Bank and the regulations as applicable from time to time. The said MITC are in addition to and are to be read along with the terms and conditions (as mentioned on the credit card application form) of cardholders 'Agreement with the Bank'.

  1. As a part of transaction monitoring, to secure the interests of card holder, the Bank may stop or restrict the card transactions from certain geographical locations across the globe or at certain ecommerce sites. In such cases the customer transaction fails. Accordingly the card holder hereby authorizes the Bank to stop or restrict the card transactions in any manner whatsoever at the sole and exclusive discretion of the Bank and without any notice to the card holder.
  2. In the event any changes are made in the card limit/withdrawal limit either on request of the card holder or on account of any product related changes, the card holder agrees and undertakes to be bound by any such change and be liable for any transactions carried pursuant to such changes over and above the original limit. In no case the card holder shall be entitled to dispute any such transaction. The Limit shall only be enhanced after receipt of consent from cardholder and any reduction in limit shall be intimated to cardholder.
  3. The Bank shall not be liable for any transaction failures due to any technical reasons or due to failure at any ATM, merchant location (POS and e-commerce), etc.
  4. Notwithstanding anything to the contrary contained in the terms and conditions or agreed otherwise between the Bank and the Card Holder, the Bank shall not be liable for any indirect, punitive, special, incidental or consequential damages arising out of or in connection with any decline/failure in transactions due to technical faults etc., whatsoever.
  5. The card holder hereby fully acknowledges, agrees and confirms that any deductions made to the related account of card holder pursuant to subscription of any services over internet or otherwise, including transactions for which the installments are automatically debited, are valid transactions duly authorized and mandated by the card holder. The card holder shall be solely and exclusively responsible for all such transactions and no such transaction shall be called into question/disputed by the card holder on any ground, whatsoever.
  6. The card holder agrees and undertakes to abide by all the regulations/terms and conditions issued by the Bank as may be amended from time to time.
  7. The card holder agrees and undertakes to abide FEMA guidelines for International transactions. Further usage of the Card for transacting outside India must be made in accordance with applicable law, including the Exchange Control Regulations of the RBI and the Foreign Exchange Management Act, 1999, and in the event of any failure to do so, you may be liable for penal action.



 Fee and Charges

I. Joining fee for primary card holder and for add-on card holder:
Renewal fee, annual fee, joining fee or any other Fee shall be as per Schedule of Fee and charges.

II. Annual membership fee for primary and add-on card holder:

The charges shall be applicable as per schedule of Fee and charges. The Bank, however, exclusively retains the right to alter any/ all charges or fee from time to time or to introduce any new charges or fee structure , as it may deem     appropriate, upon issuing at least a 30 day prior notice to the Cardholders of such change/ alteration in the charges or fee. It is clarified that the said change may be indicated/ communicated to the Cardholder through any media chosen exclusively by the Bank in its sole discretion.

III. Cash Advance Fee

Cash advance Fee shall be as per Schedule of Fee and Charges.

IV. Service charges levied for certain transactions

Cash Advance fee, finance charges and all other charges applicable on Credit Card are detailed in the Schedule of Fee & Charges. 

V. Interest free (grace) period:

The Interest free credit period could range from 20 to 50 days. However, this is applicable only on retail purchases and provided the previous bill outstanding balance has been cleared in full. Interest free grace period is not applicable if the Cardholder has withdrawn cash from ATM and interest-free credit period is suspended if any balance of the previous month’s bill is outstanding.

Illustrative Example for Grace Period Calculation:

For a statement for the period 21st March to 20th April, the Payment Due Date is 10th May. If your previous month's dues in full, the grace period would be:

  • For a purchase on 21st March, interest free grace period is 21st March to 9th May: 50 days.
  • For a purchase dated 1st April, Interest-free grace period is 1st April to 9th May: 39 Days.
  • For a purchase dated 10th April, Interest-free grace period is 10th April to 9th May: 30 Days.

Thus, the grace period can vary depending upon the date of the purchase. However, if you have not paid the previous month's balance in full or if you have availed of cash from an ATM, then there will be no interest-free period.

VI. Interest for both the revolving credit and cash advance
Interest are payable on both i.e., revolving credit and cash advance at the monthly percentage rate on all transactions from the date of transaction in the event of card holder choosing not to pay his balance in full and on all cash advances when taken by the card holder from ATM till they are paid back. Interest, if payable are debited to the Card holder's account till the outstanding on the card is paid in full. 

    • Interest on cash advances is applicable from the date of transaction until the payment is made in full.
    • When the customer carries forward any outstanding amount or avails of Cash Advance, interest calculated by average Daily Balance Method, will apply to balances carried forward and to fresh usage.
    • If a Cardholder avails of the revolving credit facility of the Credit Card and hence chooses to pay an amount less than the total amount due reflected in the monthly billing statement, All the outstanding transactions  would attract interest including new transactions from the date of transaction, till such time the outstanding amount are repaid in full.
    • Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. Clear funds need to be credited to JK Bank Card account on or before the payment due date to avoid Late Payment Charges, applicable as per Schedule of Fee and charges.


Illustrative Example for Interest Calculation:

Assuming that you purchased a Watch for Rs.1200 on 1st April and a Finger Ring for Rs.800 on 10th April, and you have made minimum payment due that is Rs.100 on 10th May.
The interest will be calculated as under:

    • Billing cycle 21st to 20th.
    • Payment Due Date 10th
    • Minimum Payment Due Rs.100.
    • Payment of Rs.100 made on 10th May.
    • Balance carried forward (Revolved Amount) Rs1900.

Interest Calculation:
Interest Calculated = (Outstanding Amount X 3.00% X 12 Months X No. of Days)/365

  • Interest on Rs.1200 for 39 days (from 1st April to 9th May) Rs.46.16.
  • Interest on Rs.800 for 30 days (from 1oth April to 9th May) Rs.23.67.
  • Interest on 1900 for 11 days (from 1oth May to 2oth May) Rs.20.61.

Total interest charged in Billing Cycle from 21st April to 20th May is Rs.90.44 + applicable Tax.
Total Outstanding Rs.1990.44.

Please note that the interest and other charges are subject to change at the discretion of J&K Bank, however any change in charges shall be notified to cardholder prior to 30 days. Also, please note that if the Cardholder exceeds the Credit limit of the account, over limit Charges will be levied on the account. The usage of the card beyond the sanction limit shall be allowed only after explicit consent of the cardholder, however Interest or any charges/fees on the credit card shall not be factored in for the purpose of computing a cardholder’s credit limit usage and levying overlimit charges. For a list of charges that may be levied at specific instances, please refer to the Schedule of Fee and Charges.

Note: Making only the minimum payment every month would result in the repayment stretching over months / years with consequential compounded interest payment on your outstanding balance.

Drawal Limits

Credit Limit and Cash Limit are assigned to Cardholders based on internal J&K Bank credit criteria (Add on cardholders share the same limits as that of the Primary Account Holder). These limits are communicated to the cardholder at the time of card delivery. The credit limit and cash limits are communicated to the cardholder in every statement. The Available Credit Limit (i.e. the Credit Limit available for use) at the time of the statement generation is provided as a part of the statement. Cardholders seeking to have their credit limit increased can do so by applying at their respective branches of J&K Bank and providing relevant documents desired by the Branch. J&K Bank may at its sole discretion and based on documents provided, access the limit and and upgrade accordingly.

Billing and Statement

  • Billing Statement-periodicity and mode of sending:


J&K Bank will send by e-mail a monthly e-statement to the Card holder showing the payments credited and the transactions debited to the Cardholder's Account since the last statement. Also, e-statements are readily available on Bank's website and can also be downloaded from J&K Bank M-Pay application. If the balance outstanding is NIL and there is no transaction, no statement will be issued.

  • Minimum Amount Due:

Credit Card offer the Card holder the facility of revolving credit. The Card holder may choose to pay only the Minimum Amount Due printed on the statement. The balance outstanding can be carried forward to subsequent statements. The Card holder can also choose to pay the Total Amount Due or any part of the amount above the Minimum Amount Due. Such payment should be made before the Payment Due Date. Clear funds need to be credited in JK Bank Card account on or before payment due date to avoid Late Payment Charges. Card holders are advised to drop local cheques at least 4 working days before the
Payment Due Date to ensure payment reflects on the card account within the Payment Due Date. Any unpaid Minimum Amount Due of the previous statements will be added to the Card holders current Minimum Amount due in addition to the outstanding exceeding the Card Holders Credit Limit.

    • Payments made towards the Card outstanding are acknowledged in subsequent statements.
    • Payments received against the Card holders outstanding will be adjusted against all taxes, fee and other charges, interest charges, purchases  and cash advances in that order.

Note: Making only the minimum payment every month would result in the repayment stretching over months / years with consequential compounded interest payment on your outstanding balance.

  • Method of Payment:


Credit card dues can be paid through any of the following methods:

Cash payment:- 

Cash payment can be made at any Branches of J&K Bank

Online Mode

The bill can be paid through online mode from your J&K Bank E-banking portal or Mobile Banking application. The payments can be made through NEFT/IMPS also to your 16 digit Credit Card account number. The IFSC code to be used for interbank transactions for credit card payment is IFSC is JAKA0SWITCH.

The customer can also make payments through Mastercard Money Send for Mastercard or Visa Direct Funds for Visa card



Make Cheque/draft in favor of JK Bank Credit Card account No. 5555 XXXXXXXXXXXX (sixteen digits) and deposit the same with any Branch of J&K Bank. Please ensure to write your name and contact number on the reverse of the cheque. Clearing Cheque will not be accepted.

Auto Debit:

In case of an account holder of J&K Bank, auto debit instructions for payment of Credit Card dues on monthly basis can be registered with the Card Issuing Branch either for payment of 'Minimum Amount Due' or 'Total Amount Due'.

Payments made to your Card Account will be apportioned in the order of:

1. Fees and Interest including taxes
2. Purchases and EMI
3. Cash Advances.

Billing Disputes:

All the contents of the statement will be deemed to be correct and accepted if the Card holder does not inform J&K Bank in writing of the discrepancies within 15 days of the Statement Date.

Contact Particulars of J&K Bank 24-hour Customer Helpline number:

The Card holder can contact toll free Customer Care helpline number 1800 890 2122 or +91-194-2481936 or telephone numbers notified by J&K Bank from time to time.

Grievance Redressal:

In the rare event of not being satisfied with the response from any of the recent contacts with the Bank, you can contact our Grievance Redressal Officer as under:

Grievance Redressal Officer
Corporate Headquarters, M.A. Road; Srinagar Telephone no: +91 194-2713563

In case you have not received any response from Grievance Redressal Officer within 07 days from date of complaint then you can write to Customer Care Department at

Complete postal address of Card Issuing Bank:

The Jammu And Kashmir Bank Ltd, 
Digital and Alternate Channels,
Corporate Headquarters,
M. A. Road, Srinagar-190001. (J&K) India

SMS AIerts:

For the convenience of the Credit Card customers and as a risk mitigation factor, all the customers having recorded mobile numbers with the Bank shall receive SMS Alerts from the bank as follows:

  • All transactions concluded through JK Bank credit Card shall follow with an SMS alert for immediate information/ confirmation.
  • When Card application is approved.
  • When fresh/renewal card is activated.
  • Statement alerts.
  • Any Change in Limit etc.


Note:  Card holders are requested to register their mobile numbers and email id with the concerned Branch’s.


The total Outstanding on the Card account, together with the amount of any charges affected but not yet charged to the Card Account will become immediately due and payable in full to J&K Bank on the occurrence of any of the following events, which shall be deemed as an instance of default:

    • The card holder fails to pay the amount due to the bank within the stipulated period (Billing cycle).
    • Cardholder becomes insolvent or there is any material adverse change in the financial condition of the cardholder, which in bank's opinion affects the interest of the bank.
    • Death of cardholder or total permanent disability.
    • Any Court grants a garnishee order.
    • Any representation made by the card holder proves to be incorrect, misleading, false or incomplete including but not limited to income and /or identification paper/ document forwarded to the bank, being proved incorrect, incomplete and or contain false / fraudulent information.
    • Cardholder generally does or omits to do anything, which may prejudice Bank's right in terms of cardholder agreement or cause bank to suffer any loss/ damage.
    • Any payment Instruments including cheques and / or Standing instructions delivered to the Bank are not encashed / acted upon for any reason whatsoever on presentation being made, If cardholder is involved in or charged in criminal activities.
    • In case of default in performance of any obligations under terms of any other loans / facilities provided by J&K Bank.
    • On bankruptcy or death of the Primary cardholder, Cardholder's estate will be responsible for settling any Outstanding on the Card Account and should keep J&K Bank indemnified against all costs, including legal fee and expenses incurred in recovering such Outstanding. Pending such repayments, J&K Bank will be entitled to continue to levy service charges at its prevailing rates.
    • In the event that the Cardholder delays or is unable to settle the outstanding of his/ her monthly statement of the Card in terms of Cardholder agreement, J&K Bank will exercise the right of lien and set off the amount outstanding against any monies payable / deposits/ accounts maintained in cardholder's name with the Bank.
    • In the event of default, the Cardholder will be sent reminders from time to  time by representatives of J&K Bank including third parties appointed by J&K Bank for settlement of any outstanding on the card account, by post, fax, telephone,  electronic mail, SMS and/or engage its representatives to remind, follow up and collect dues. Any third party so appointed, shall adhere to the code of conduct on debt collection as applicable from time to time.
    • In the event that cardholder delays or is unable to settle the outstanding even after issuing reminders and notice, his/her name will be reported as defaulter to CIBIL, any other Credit Information Company authorized by RBI or published in print media with photograph. Any notice given by J&K Bank will be deemed to have been received by the cardholder within 7 days of posting to the Cardholder's address last notified in writing to J&K Bank or, where specifically requested, within 24 hours of sending the same via e-mail at the e-mail address specified by him/ her. Any notice may also be sent by fax or communicated verbally and confirmed in writing by post or fax. J&K Bank shall not be held accountable for delays in receipt of notices by post.
    • In the event of any change in cardholder's e-mail and/or employment and /or offices and /or residential address and/or telephone/ mobile numbers, the cardholder shall inform J& K Bank promptly in writing or by e-mail and must confirm the same by mail or fax.

Classification as Special Mention Account (SMA) and Non-Performing Asset (NPA)

In accordance with the provisions of the Regulatory Guidelines the lenders are required to recognize incipient stress in borrower accounts, immediately on default, by classifying them as special mention accounts (SMA). The classification of borrower accounts as SMA as well as NPA shall be done as part of day-end process for the relevant date and the SMA or NPA classification date shall be the calendar date for which the day end process is run. Accordingly, the date of SMA/NPA shall reflect the asset classification status of the account at the day-end of that calendar date. The basis of classification of SMA/NPA category shall be as follow:

Outstanding in the Credit Card account or additional loan thereon (For Credit Card dues referred hereinto is the Minimum Amount Due as the mentioned in the credit card billing statement).

SMA Sub-Categories

Basis for classification-Principal or interest payment or any other amount wholly or partly due


Upto 30 Days


More than 30 Days and up to 60 Days


More than 60 Days and up to 90 Days


More than 90 Days

* A Credit Card account will be treated as Non-Performing Asset if the Minimum Amount Due as mentioned in the statement is not fully paid within 90 days from the payment due date mentioned in the statement.

 An Illustration of such classification is as follows:

  • SMA 0 - If due date of a loan account is August 31, 2022, and dues are not received on this date, the account shall be SMA 0 on day end of August 31, 2022.
  • SMA 1 - If it continues to remain overdue, then this account shall get tagged as SMA-1 upon completion of 30 days of being continuously overdue i.e. Sep 30, 2022.
  • SMA 2 - If the account continues to remain overdue, it shall get tagged as SMA-2 on Oct 30, 2021
  • NPA – If the account continues to remain overdue further, it shall get classified as NPA on Nov 29, 2022
  • As per RBI guidelines, classification of accounts as NPA is done Borrower wise and not Facility wise and hence, it may be noted that in case of non-payment of dues by the customer in case of any facility availed from the Bank and consequently the account is to be classified as NPA, all other loan/credit card and accounts of the Borrower/Card Holder, with the Bank, also shall be classified as NPA and it shall entitle the Bank to recall all such loans/credit cards/facilities availed from the Bank, irrespective of regular payment in such accounts.


Withdrawal of Defaulter Report from CIBIL

The Bank, at its sole discretion, shall withdraw any default report issued to CIBIL in the following events:

  • The defaulter has liquidated his entire outstanding dues with the bank or settled his dues with the Bank.
  • A court verdict has been received by the bank instructing the Bank to de-list the cardholder.
  • The decisions will be taken by the bank on a case to case basis upon individual review.

Termination / Revocation of the Card Holder ship

i). The Cardholder may terminate the Cardholder ship submit request for closure of credit card account through multiple channels such as helpline, Contact Centre, or via email to the card issuing branch. All the cards including the add-on cards will be terminated on the basis of Closure request. Termination will be effective only after payment of all amounts outstanding to the card account. No annual, joining or renewal fee shall be refunded on a pro-rata basis.

ii). JK Bank may also restrict, terminate or suspend the use of the Credit Card at any time without prior notice, if the Bank reasonably believes it necessary for business or security reasons. JK Bank can suspend the facility on the Credit Card, if the Cardholder defaults on the payment due or exceeds the credit limit extended. The Card must not be used after the Agreement ends or if the card account is suspended. In such a situation, the Cardholder must (subject to any default or other notice required by law) immediately pay J&K Bank the total outstanding Balance on the Account. This includes all amounts due to J&K Bank under the Agreement, including all transactions and other amounts not yet charged to the Account. The card will not be considered as closed until the Cardholder has paid all such due amounts.

iii). If a credit card has not been used for a period of more than one year, the process to close the card shall be initiated by the Bank after intimating the cardholder. If no reply is received from the cardholder within a period of 30 days, the card account shall be closed by the Bank, subject to payment of all dues by the cardholder. The information regarding the closure of card account shall also accordingly be updated with the Credit Information Company/ies within a period of 30 days.


Loss /Theft / Misuse of Card

  • The Cardholder must notify the 24-Hour Customer Helpline number 1800 890 2122 or +91-194-2481936 immediately if the primary or any Additional Credit Card is misplaced, lost, stolen, mutilated, not received when due or if he/she suspects that the Credit Card is being used without Cardholder's permission. Once a card is reported lost, it should not, under any circumstance be used if found by the Cardholder subsequently.
  • The block/Stoplist option for Credit Cards is also available on Mobile Banking Application M-Pay Delight+ of the Bank.
  • The Bank is not liable or responsible for any transactions incurred on the card account prior to time of reporting of the loss of the Card, and the Cardholder will be fully liable for the same. After the receipt of proper notification of the loss by the Bank, the Cardholder's subsequent liability is Nil for transactions post reporting. In addition to notifying J&K Bank about the loss or theft of the Card, the Cardholder must report loss or theft of Cards to the Police and lodge an FIR.
  • The Cardholder will be liable for all losses in case of misuse of the card by someone who obtained the PIN/CVV/OTP or the card with the consent of Cardholder or an Add-on Cardholder.
  • If the Cardholder has acted fraudulently without reasonable care, the Cardholder shall be liable for all losses incurred.
  • J&K Bank may, without referring to the Cardholder or any Add-on-Cardholder, give the police or other relevant authorities any information that J&K Bank consider relevant about the loss, theft or misuse of a Card.


Safe-keeping of PIN

The Personal Identification Number (PIN) issued to the Cardholder for use with the Card or any number set by the Cardholder as a PIN should be known only to the Cardholder. It is for the personal use of the Cardholder, and is non-transferable and strictly confidential. A written record of the PIN number should not be kept in any form, place or manner that may facilitate its use by a third party. The PIN should not be disclosed to any third party, either to staff of the Bank or to Merchant Establishments, under any circumstance or by any means, whether voluntary or otherwise.


Type of information relating to Card Holder to be disclosed with and without approval of Card holder:

  • The cardholder acknowledges that J&K Bank is authorized to share cardholder information including but not limited to card holder current balance, payment history, etc. along with demographic details with any existing or future credit bureau without any notice to this intent to the Cardholder, and such information may pertain to positive or negative performance or default by the Cardholder as per the Credit Information Companies Regulation Act, 2005.
  • The Credit Information Bureau (India) Ltd. (CIBIL) is an initiative of Government of India and Reserve Bank of India (RBI) to improve the functionality and stability of the Indian Financial System. This is in line with RBI’s efforts to provide an effective mechanism for exchange of information between Banks and Financial Institutions, thereby enabling cardholders to avail of better credit terms from various institutions.
  • The cardholder further acknowledges that J&K Bank is authorized to share Cardholder information, including default in payments with Financial Institutions, employer and to other third parties engaged by J&K Bank for proper operation of card accounts, verification and other administrative services.
  • J&K Bank may also share Cardholder information with any parent, subsidiary, affiliate or associate of JK Bank for the purposes of marketing and offering various products and services of J&K Bank or its group companies, subsidiaries, affiliates and/ or associates.
  • The Bank will not be liable for any deficiency in services or to perform any obligation there under where such failure is attributed, directly or indirectly to any malfunction of Card system, ATM, Network, Card, POS, Online Portal, SMS/email delivery, temporarily insufficiency of funds, any dispute or other circumstances beyond its control.

Reward Points:

The Cardholder will earn reward point on every spent on the Card except on fuel purchase and cash withdrawal transactions. The validity of Reward Points is 3 years from the date of transaction. For details about your reward points, kindly visit J&K Bank Rewards Portal at .The reward program is subject to change at the discretion of the Bank.

Schedule of Fee & Charges

(GST shall be applicable to all charges / fees/ interest as per applicable rates)

Amount In INR


Type Of Fee/Charge

Gold Credit Card

Platinum Credit Card

Govt. Employees Credit Card

World Credit Card

Corporate Credit Card

Entrance Fee primary/add-on card






Annual Fee primary/add-on card






Renewal Fee primary/add-on card






Card replacement Charges
primary/add-on card






Product Upgrade Charges






Limit Enhancement Fee
primary/add-on card






Annual Fee for a card holder shall not be levied in case a cardholder transacts above the tabulated minimum amount in the year as per below table

Gold Credit Card

Platinum Credit Card including Pink

World Credit Card

Purchase Amount (INR) for Not Levying Annual Fee









Maximum Interest Free Credit period (only on full payment, on or before the due date)

Upto 50 days




Finance charges / interest rate (Purchase / Cash)

3% per month (Annual Rate of 36% and APR of 42.57%)




Minimum Payment Due on Revolving credit.

5 % of the actual balance in the month or 5% of the Card limit + 100% of over the limit usage + EMI’s of the month (if any)


Statement Date

20th of every month




Payment due date

20 days from the billing date (9th or 10th of succeeding month.)


Cash advance on credit limit

20% of the credit limit




Cash advance charges at our Bank ATMs
From the date of transaction.

3% of the amount with a minimum of Rs. 300/- for each transaction.


Reissue of stolen, Lost or damaged card.

As per Card Variant




Cash advance charges at other bank ATMs in India.
From the date of transaction.

3 % of the amount with a minimum of Rs.300/- for each transaction.




Cash advance charges (Overseas). From the date of transaction,

3 % of the amount with a minimum of Rs: 300/- for each transaction.


Late payment fee

Rs. 100/-




Charges for over the credit limit usage

2.5% of overdrawn amount or minimum Rs. 400/- for each occasion


Card replacement fee

As per Card Variant




Retrieval of Charge slip

Rs. 100/- or the actual charges incurred whichever is higher


PIN Replacement fee




As applicable from time to time

    The charges are subject to change*


It is important for you to know about your credit card and this section will familiarize you with your card looks.

  1. Your 16-digit number.
  2. Name as it appears on card.
  3. Period of validity of your card from and valid thru date.
  4. 24-hour phone numbers.
  5. Chip

a) Your Name
You are the only person allowed to use this card. Please confirm the name is correctly embossed on it and in case of any inconsistency please notify us via JK Bank 24-hour customer Helpline 1800 890 2122.
b)  Your Credit Card Account Number
Your card carries a unique 16-digit account number. Please make reference of this number in all your payment cheques and in correspondences with us.
 c)  Validity Period
Your card is valid for 3 years.
 d)  Validity
Your card is valid for use both In India as well as outside India, depending on the option exercised by you. It is however, not valid for making foreign currency transactions in Nepal and Bhutan (i.e. transactions in currencies other than local currency of Nepal/Bhutan or Indian Rupees).
 e) Contactless Logo
The Contactless logo appearing on the front of your card indicates that it is accepted for all Contactless transactions.
 f) Magnetic Strip
Black strip present on the back side of your card is a built-in security feature containing vital information of the card holder.
h) Chip
Contains information required for using this card for payments. Please note only you are authorized to use this card.
I) As per RBI directions and as an additional security, system generated OTP shall be sent to you by SMS on your registered mobile number and e-mail id for using your credit card through internet. 
j)  The bank will not be liable for any deficiency in service or to perform any obligation thereunder where any failure is attributable directly or indirectly to any malfunction of the ATM or it is related to any technical system, network or the card, temporary insufficiency of the funds, any dispute or any circumstances beyond its control. 
Card Care
Following simple precautions will ensure the information stored on your card will not be affected and nobody gets to misuse your card.

  • Do not bend or scratch the Card.
  • Keep your Card away from heat and/or direct sunlight.  
  • Please avoid exposure to electric or magnetic fields. If your card is lost or stolen, immediately inform us on our 24-hour toll free line at Customer Care Centre-1800 890 2122.
  • Your card transaction outside India must be made strictly in accordance with the Exchange Control Regulations of Reserve Bank of India. In the event of any failure to do so, you will be liable for action under the Foreign Exchange Management Act1999.

Card usage at ATM's
You have easy access to cash 24 hours a day at the ATM's of J&K Bank as well as ATM's of other banks carrying logo of MASTERCARD/VISA. The usage of this facility is subject to Bank's ATM terms and conditions and the terms & conditions governing JK Bank Credit Card.
Card usage at Merchant Establishments (M.E)
Using JK Bank Credit Card at ME is very simple. After you conclude your purchase transaction with an M.E that accepts MasterCard, please present the card to pay your bill. After processing the card transaction, the M.E will request you to sign a printed charge slip containing your card details, bill amount, transaction date and space for your signatures. Please verify the contents of the slips and then sign on it in the given space exactly the way you have on the reverse of your card. It is recommended that you retain a copy of the bill and charge slip handed over to you by the ME to cross check with your monthly billing statement.Please ensure that the Card is dipped in POS terminal in your presence and under no circumstances you should lose sight of the Card.
Sign only one charge slips per transaction. In case, there is an error on the charge slip, please do not sign it and ensure that the merchant destroys that charge slip in your presence. Please ensure that you have received back your own JK Bank Credit Card before you leave the ME. In case the card holder/customer disputes any transaction on ATM/POs terminal, the bank shall file charge back, retreat the amount and restore to his/her account. However, on re-presentment from the concerned bank, the funds so retrieved shall be adjusted by debit to card holder's/customer's account without any notice to him/ her.
Credit Card Account Statement
You will receive an e-bill statement every month reflecting the transactions on your JK Bank Credit Card A/c. Your billing statement is a complete record of your account activity during the past month. The essential details as they appear in your statement are explained below. The statement has two parts separated by a   perforation. The upper smaller portion is the payment coupon, which you must enclose with your payments.

a)            The payment coupon consists of following details:
Card Account Number:
Your Credit Card Account number is mentioned in this space. Please make mention of this in your correspondence and on your cheque/ draft while paying your bills. Clearing Cheques will not be accepted.
Total Payment Due:
This is the total accumulated unpaid amount outstanding in your account as on the date of statement.
Minimum Payment Due:
It is the minimum payment due, which is calculated at 5% of the total payment due as on the date of statement. The minimum payment due for any of the previous statements not received by the Bank will also be included as a part of this amount. Further, in case where the total payment exceeds the credit limit, the excess amount is also included as a part to the minimum payment due.
Statement Date:
This indicates the date on which your monthly billing statement is generated. The billing statement is generated on the 20th of every month and will be available in your mobile application user, Ebanking user and will also be e-mailed on your registered e-mail id given in the application form. In case the statement isn't received within 7 days from this date, please call us on our 24-hour Customer Care Centre and the information about your amount payable and total out -standings will be made available to you.

Payment Due Date:
Indicates a date on or before which the payment shall reach the Bank to avoid any applicable finance charges/ penalties.
Total Payment Enclosed:
Please fill up the amount you desire to pay towards your Card out-standings.
Payment Details:
While making payment, please indicate the details of your payment: Date, cheque No. Bank & Business Unit on which it is drawn and amount. Your Cheque/ Draft should be payable to: JKBCC A/C No. (Mention your 16-digit Credit Card Account Number).

b)           The lower portion mainly lists out the transactions on your JK Bank Credit Card.
It also details your Name, Credit Card No., Credit limit, available credit limit, statement date, payment due date and page number. It also contains details pertaining to opening balance, payments, charges, credits and transaction details.

Credit Limit:
Your total purchase and cash advance balance should not exceed this amount (sanctioned by the Bank).
Available Credit Limit:
This is the difference between your Credit Limit and the Total Amount Due.
This refers to the actual date of purchase on your card.
Merchant City and Details:
All purchases, cash advances and payments are itemized along with a brief description identifying the merchant establishment at which the particular transaction has been under taken. 
This lists the corresponding transaction amount against each purchase or cash advance or any other charge.

Making payments:
When to make payments?
With the Revolving credit facility' you can pay only the Minimum Amount Due each month. Your payment must reach us before the payment Due Date. A service charge will be applicable to the out standings carried forward, to the full amount due if part payment is made and to the fresh billings.
Minimum Amount Due that is repaid after the payment due date will attract a late payment charge. Therefore, we urge you to send your payments at least equal to your Minimum amount due by the payment due date every month so as to avoid the late payment charges.
You can also choose to pay back before your statement reaches you, based on the card usage during the month. You can even clear your dues by e-banking and mobile bank facility provided to you. The payments received up to 6.00 pm shall be recognized on the same day and any payment received after 6.00 pm shall be recognized the next day.
How to make payments?
To make payment towards your JK Bank Credit Card a/c you need to confirm the total payment due and minimum payment due and make a choice as to the amount you would like to pay. Draw a cheque/draft payable to JKBCC A/C (mention your 16-digit credit card A/c number), enclose the same to the payment coupon provided and hand over the cheque (or you may also deposit cash) at your nearest J&K Bank Business Unit. Please ensure that your cheque is drawn on a local bank.
Please ensure

  • That your cheque is complete in all respects and any material alteration is duly authenticated/ signed.
  • Cardholder has to take into consideration the clearing period of the cheque and ensure timely payment.
  • If you don't receive monthly Credit Card statement, immediately call us on 0194-2481936, or toll-free number 1800 890 2122 to avoid charges levied, hence upon. You can even get your monthly bill statement from our website i.e.:
  • You deliver the cheque 4 days in advance of your payment due date.
  • You do not send post-dated cheques. 
  • You do not attach any correspondence along with your payments.
  • Cash is deposited at all branches during normal banking hours.
  • The bank also provides you with the facility to debit on your authority the savings bank or current account you are having with Bank's any of the Business Units to settle your Credit Card outstanding.

An SMS shall be flashed to Credit Card holders who have registered their mobile number with the bank, when:

  • All transactions when concluded through JK Bank credit Card shall follow with an SMS alert for immediate information/ confirmation.
  • When Card is first dispatched.
  • Statement alerts.
  • If due date is missed.

Appropriation of your payments:
Payments and credits received against your Credit Cards outstanding will be adjusted in the order of GST or any other taxes applicable, Finance/ Interest charges, Purchase of Goods and/ or Services and EMI reflected in the statement and Cash Advances.
Benefits of your JK Bank Credit Card:
The JK Bank Credit Card would be accepted for payment, presently at 10000 E-commerce Websites, and more than 8.75 lac Merchant Establishment in India and 22million plus Merchant Establishments across Globe. The card would also be accepted for cash withdrawal at 1.45 lac ATMs in India and more than 1 million ATMs across the Globe, and where MasterCard are accepted. The card would be accepted for cash withdrawal at all networked ATMs of J&K Bank / other banks in India with logo of Master card/VISA.
Free Credit Period:
The billing statement would be generated as on 20th of every month, which is called statement date. The payment due date would be 10th or 9th of succeeding month. Thus, the Cardholder would get a minimum 20 days free credit period provided the total payment due shown in the statement is paid in full on the due date. If any transaction were billed to the card account one day after the statement date the same would be reflected in the next statement, which facilitates the cardholder to enjoy a maximum of 50 days of free credit. However, the interest free credit period would not be available if the payment made is Minimum Payment Due or less than Total Payment Due and the applicable financial charges would be levied for all the purchases from the date of transaction.
Revolving Credit Facility:

  • JK Bank Credit Card offers you the flexibility to plan payments against your dues. For availing of Revolving Credit Facility you can pay a minimum of 5% of the actual balance in the month or 5% of the credit limit, EMI’s of the month (if any) and 100% of over the limit usage, which is called "Minimum Payment Due".
  • You also have the option to pay only the 'Minimum Payment Due' or any amount higher than the 'Minimum Payment Due' and less than the 'Total Payment Due' before the Payment Due Date of the statement.
  • The balance could be carried forward to the next statement with applicable interest/finance charges. If the payment made is Minimum Payment Due' or less than 'Total Payment Due', the interest free credit period would not be applicable and the applicable financial charges would be levied for all the purchases.

Cash Advance:
You can avail of cash advance of 20-40% credit limit within the overall credit limits sanctioned for your Credit Card. You can withdraw cash from:

  • All networked ATMs of the J&K Bank.
  • ATMs of other banks in India and across the Globe, where Master/VISA Cards are accepted or exhibit the MASTERCARD/VISA logo.

Lost Card Liability:
Please notify the lost/ stolen Card to the Bank immediately on 24-hour Toll Free Help Line 1800 890 2122 or 24-hour help desk with Telephone No’s: 0194 2481936 or 0194-2481953. Whenever the cardholder contacts the help line the authenticity of the cardholder will be confirmed through dynamic quizzing over the phone before responding to the request of the cardholder. Immediately on receipt of the lost/ stolen cards notification the Card will be hot listed i.e. functioning of the card will be blocked. The cardholder can also notify the lost/stolen card to his concerned branch of our bank/DAC, Corporate Headquarters, M.A. Road, Srinagar, Kashmir. In case the cardholder is abroad, the services provided by MASTERCARD can be utilized by the cardholder with applicable MASTERCARD charges for such service. Simultaneously, you will please lodge a police complaint detailing the loss/theft. A copy of the police report along with your letter confirming the loss should reach us within a week from the date of reporting the loss.
Replacement of card:
For getting a duplicate card issued in case of loss/ theft, you will please submit an application for the same to the bank. In case your card is damaged or mutilated, you can get in touch with our 24-hour Customer Care Centre 1800 890 2122 or submit your request to the Bank/Branch for issue of a new card.
Add on Cards:
In order to share your power of Credit Card, bank has provided you with an option to gift an Add on Card to your immediate family members on specific request. You can request for add on card at the time of applying for the Credit Card or you can also apply for add on Card at a later date in the prescribed application format. The Additional Card member will also enjoy the benefits that are available to the primary card holder. However, the total credit limit will be restricted to the limit enjoyed by the primary Cardholder. The Additional Card holder is also equally responsible for complying with all terms & conditions applicable to usage of Primary Cardholder.
Petrol against Card:
Your card would be accepted at all petrol pumps across India where MASTERCARD/VISA is accepted. Enjoy fuel surcharge waiver every time you purchase fuel, subject to a maximum of Rs.5000 of Fuel purchase per month.

Reward Programme:
The Cardholder will earn reward point on every spent on the Card except on fuel purchase and cash withdrawal transactions. The validity of Reward Points is 3 years from the date of transaction. For details about your reward points, kindly visit J&K Bank Rewards Portal at .The reward program is subject to change at the discretion of the Bank.
Customer Help Line:
Bank's firm faith is that it pays if every customer's specific needs are taken care of. Bank has set up a 24 x 7 hour Customer Care Centre which can be accessed through Toll Free line 1800 890 2122 or 91194 2481936 /2481953. You can check Card's outstanding's, available Credit/ Cash limit payment details and notify lost stolen cards etc. using Customer care Centre Helpline facility.
J&K Bank Credit cards are enabled for PIN change at any J&K Bank ATM.

  • 20-50 days Credit Free Period
  • Revolving Credit Facility on paying of minimum payment due in the same billing period.
  • Hassle free Credit facility at competitive rate of interest.
  • Cash Withdrawal Facility upto 40% of total credit limit.
  • Loyalty programme
  • 24 Hour Customer Assistance.
  • EMI Scheme on Credit card Purchases and outstanding balance.
  • Gold Credit Card 

Credit Limit: Upto Rs 30000
Cash Limit: 20% of credit limit subject to a maximum of 6000.
Waiver of Annual Charges subject to Min Purchase of Rs 50000.00 in a year

  • Platinum Credit Card

Credit Limit: Above Rs 30000 upto Rs 4 lacs
Cash Limit: 20% of credit limit subject to a maximum of 80000.
Welcome Aboard offers of Rs 4,000 across premium brands.
Waiver of Annual Charges subject to Min Purchase of Rs 75000.00 in a year
Global Concierge Services under which the cardholder can get MasterCard Global Emergency Services for any card-related needs, including emergency cash advances within 2 hours and card replacements within 24 hours in the U.S. and 48 hours worldwide.

  • Govt Employees Credit Card

Credit Limit: Upto Rs 8 lacs
Cash Limit: 40% of credit limit subject to a maximum of 160000.
Life-time Free Card
Airport Lounge Facility*

  • World Credit Card

Credit Limit: Above Rs 4 lacs upto Rs. 25 lacs
Cash Limit: 20% of credit limit subject to a maximum of 5 lacs.
Welcome Aboard offers of Rs 10,000 across premium brands.
Airport Lounge Access*
MasterCard world card Golf Program across select Golf Courses in India, including both Golf games and Golf lessons.
Premium Global Concierge Services under which the cardholder can get Mastercard Global Emergency Services for any card-related needs, including emergency cash advances within 2 hours and card replacements within 24 hours in the U.S. and 48 hours worldwide.

  • All Merchant Establishments like shops who honor MasterCard/VISA Credit Cards.
  • All ATM's which accept MasterCard/VISA Credit Cards.

PURPOSE & ELIGIBILITY: To provide a term loan for purchase of merchandise / service by using credit card for customers having valid credit card, wherein there have been no past dues.
TICKET SIZE: Rs.2500/- to Rs. 2,00,000/-
EMI TENURE: 3, 6, 9, 12, 18 & 24 Equated Monthly Installments.

Monthly Rests

ROI (p.a. fixed rate of interest)













PRE-PAYMENT CHARGES: 3% of the remaining amount.
DEFAULT: In case of default of three consecutive EMI’s by a customer will result in reversal of entire outstanding principle plus interest for the period of default @ the Interest rate applicable on credit card purchases. The date of reversal shall be after the expiry of one month from the due date of third un-serviced instalment.
In these Terms and Conditions, the following terms shall have the following meanings
· “Credit Card” shall mean an unexpired credit card issued by Jammu & Kashmir Bank.
· “Cardholder” shall mean the holder of a Credit Card.
· “Merchant EMI” refers to transactions initiated by the card member at any Point of Sale or an e-commerce website where the cardholder chooses to convert the purchase amount into Equated Monthly Installments at the point of payment/ charge to credit card at the rate of interest as communicated in the charge slip at the time of availing the product.
· The present Terms and Conditions are to be read in conjunction with, and not in derogation of, the Cardholder Terms & Conditions and nothing contained herein shall prejudice or affect the terms and conditions of the Cardholder Terms & Conditions.
· Unless otherwise specified, the words and expressions used herein shall have the same meaning as in the Cardholder Terms & Conditions.
Terms and Conditions for Merchant EMI on credit cards
· A Cardholder may opt to convert a purchase at select Merchant outlets/website into Equated Monthly Installments (EMIs.) The Purchase(s) would be converted into Equated Monthly Installments (EMI) with interest charged on the monthly reducing balance.
· In the event the Credit Card is closed prior to all installments being charged, the amount outstanding against Merchant EMI plan shall be debited as a consolidated amount to the Credit Card account of the Cardholder.
· Jammu & Kashmir Bank shall be entitled to demand immediate repayment of such consolidated outstanding amounts.
· The EMI shall be computed on a monthly reducing balance.
· Interest rates as communicated at the time of availing the product(s) shall be applicable.
· Partial or full refunds initiated by the merchant towards the original transaction subsequent to the Merchant EMI booking leads to pre-closure of the Merchant EMI facility. Once the Merchant EMI is pre-closed, for any reason, all outstanding including but not limited to the principal outstanding and the interest for the actual number of days till closure i.e., from the last billing date till the date of closure, shall be debited to the Credit Card account. However in this case no pre-closure charges shall be applied.
· Cash back (if applicable and communicated to customer at the time of the transaction) for an EMI transaction is offered solely by the merchant/brand and shall be credited to the cardholder only on receipt of the funds from the merchant/brand. This process may take up to 90 business days.
Billing and repayment
· The first EMI shall be billed on the first billing date for the Credit Card that falls post the date of the transaction on the Credit Card that is being converted into EMI as per the Merchant EMI plan.
· All billing of EMIs in the subsequent months shall be on the billing date of the Credit Card for that month.
· The EMI amount shall be included as a part of the minimum amount due appearing in the Cardholder’s monthly Credit Card Statement.  The minimum amount due as reflected in the credit card bill shall include the minimum amount of purchase/Cash Withdrawal as per existing norms plus the EMI amount of the loan. If the minimum amount due is unpaid, Charges shall be levied on such outstanding’s (including but not limited to the EMI as above), as communicated in the Credit Card  Terms &Conditions (T&C).The Credit Limit on the Credit Card shall be blocked to the extent of the purchase transaction amount. The Credit Limit will be released as and when the EMI is billed and paid for in subsequent months.
· A maximum of ten concurrent transactions are permitted to be converted into Merchant EMI on each Credit Card, at any point of time.
Interest Calculation Methodology on EMI products
· Interest rate communicated at the time of initiating the transaction shall be levied on monthly reducing balance.
· Jammu & Kashmir Bank reserves the right to modify rate of interest from time to time, at its sole discretion with prior notice or in the event of any changes in the interest rate made by the Reserve Bank of India (RBI) Service Charges on Card balances If the amount paid towards dues on the Credit Card is less than the Total Amount Due, Service Charges shall be levied on such outstanding’s (including but not limited to the EMI as above), as per the interest rate applicable and communicated in the Credit Card Terms & Conditions (T&C). This rate is subject to change with prior notice. The applicable interest rate shall be mentioned on the monthly Statement.
Prepayment process and related charges
·The Merchant EMI product(s) can be pre-closed by calling Contact Centre on toll free no. 18008902122. 
·Any payment made into the Credit Card Account over and above the EMI shall not be deemed to be payment towards the amount availed under Merchant EMI and shall not be deemed as closure of the Merchant EMI.   
·Jammu & Kashmir Bank reserves the right to revise the pre-payment charges at its discretion, with prior notice via email/letter and such revised charges shall be binding on the Cardholder.
·Once the Merchant EMI is pre-closed, for any reason (excluding refund from merchant end), all outstanding including but not limited to the principal outstanding and the interest for the actual number of days till closure i.e., from the last billing date till the date of closure, shall be debited to the Credit Card account. 
·Pre-closure due to Card closure; In the event the Credit Card is closed prior to all EMI(s) being charged, the principal outstanding, the interest for the days till closure shall be debited to the Credit Card account. Jammu & Kashmir Bank shall be entitled to demand immediate repayment of such outstanding amounts.
Non-payment of three consecutive EMI’s by a customer will result in reversal of entire outstanding principle plus interest for the period of default @ the Interest rate applicable on credit card purchases. The date of reversal shall be after the expiry of one month from the due date of third un-serviced instalment. It is mention here that the Interest rate charged on defaulted EMI’s will be that of credit card purchases and not of EMI scheme.    
Other Terms & Conditions; Final approval for the Merchant EMI shall be at the sole discretion of Jammu & Kashmir Bank and is subject to the Cardholder’s performance on the Credit Card GST, as notified by the Government of India / Government of J&K, is applicable on all fees and other charges and is subject to change as per relevant regulations of the Government of India / J&K
Prepayment Penalty and Processing charges shall be Nil for Platinum Current account holders.
 Jammu & Kashmir Bank reserves the right at any time, with previous notice, to add, alter, modify, change or vary all or any of these terms and conditions or to replace these wholly.

  • Gold Credit Card: Upto Rs 30000
  • Platinum Credit Card: Rs 30000 to Rs 4.00 Lacs
  • Govt Employees Credit Card: Upto Rs 8.00 Lacs
  • World Credit Card: Rs 4.00 Lacs to Rs 25.00 Lacs